Amana Bibi and 5 entrepreneurs, Alkush
Loan requested $943.40
Loan issued $943.40
Funds raised $518.87
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Amana Bibi and 5 entrepreneurs, Alkush

Amana Bibi is 32 years old and married. She is peddler of bangles and costume jewelery products. She wants to grow her business size and input some capital for expanding her business as she is finding more customers than before and thus she has applied for a micro loan. She wants to serve her customers and increase her income by this way. She has one son and one daughter. Her son works on the basis of daily wages at construction sites. Her monthly income is Rs2000/-(USD44). Amana Bibi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Sonu Devi is sitting first from the left at front row in the group photo. She is 27 years old and a married lady. She runs a small shoe shop with her husband. She wants to expand her business by capitalizing it as she is finding more and more customers day by day with increasing demand for a variety of shoes. She wants to serve her customers on time and to earn more profit she has applied for micro loan. She has three daughters and one son who attend school. Her monthly income is Rs2000/-(USD44). Urmila Devi is sitting in the middle at the front row in the group photo. She is 36 years old and married. Her business is selling hens and goats in the main market. She wants to utilize her loan for purchasing more hens and goats for this business and has applied for micro loan. She has two sons who attend school. Her goal is be enable her children to become professionals. Her monthly income is Rs2000/-(USD44). Alumoni Devi is sitting first from the right at front row in the group photo. She is 27 years old and married. She runs a small belt shop. She wants to invest capital in her business and add more items as her customers are demanding for goggles and wrist watches. In order to buy and sell these items in her shop she has applied for micro loan. She has two sons and one daughter who attend to school. Her monthly income is Rs2000/-(USD44). The loan will be a big help because they wish for personal progress and progress for their families. Manju Devi is sitting first from right at back row in the group photo. She is 29 years old and married. She is a peddler of bangles. Her husband also helps her in this business. She wants to expand her business and input capital in her business and increase her products as her customers are also increase and demanding for more items. For this purpose she has applied for a micro loan. Her husband goes out for this business at morning 7.00 am and returns home at 6.30 pm. He is a very hard working person. She has two sons and one daughter who are going to a nearby school. Her monthly income is Rs2000/-(USD44). Dhanki Devi is sitting in the middle at back row in the group photo. She is 34 years old and married. She runs a small shoe shop with her husband. She wants to expand her business and invest capital in her business as her customers are demanding a variety of models and different and latest design shoe. In order to fulfill the demands from her customers and earn more profit she has applied for micro loan. She has two daughters and one son who attend school. Her monthly income is Rs2000/-(USD44). These entrepreneurs are very dedicated and want to do good for themselves and their families. They understand the concept of Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on the behalf of the member whose loan is delinquent. The entrepreneurs in the group support each other through the joint liability concept. Note: In the entrepreneur names you may find that several last names are repeated e.g. Devi, Bibi, Kumari. These are not last names as commonly understood but respectful ways of addressing ladies in certain parts of India.


Partner MFI
Name: Ajiwika Society Ownership: Non-profit
Year Founded: 2006 Credit Risk Rating: Beta Plus
Partner Since: 2009 Rating Agency: M-Cril
Interest Rate: 24.0 % Delinquency Rate: 2.67 %
Target Clients: Poor, Ultra poor Default Rate: 0.0 %
Repayment overview

Total Funded Amount = $518.87
Total Loan Amount = $943.4

Repayment Overview chart

Note: This chart indicates the repayment by entrepreneurs on the principal amount. The actual repayment amounts include the interest on the loan and will be different.
Progress Report
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Funders to this entrepreneur

Andreas
Geoff
Sverre Skimmeland
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Anonymous
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Anonymous
Vijay Khanna
The Imran Family
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Ms. M
wadhwani
Trevor Rotzien
Shubha & Bala
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Anonymous
 
 
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